Tag Archives: Scotiabank

Descrease article font size Increase article font size Canada’s Bank of Nova Scotia on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while Bank of Montreal (BMO) fell short of expectations due to bigger loan-loss provisions. A string of rate hikes by the Bank of …

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …